Honda Targets People Who Don't Want To Drive With Micro Cars: Report

  • Honda Motor Co Ltd HMC said it plans a range of self-driving electric vehicles targeted at people who do not want to drive.
  • The range of EVs, Bloomberg reported, will cater to groups including elderly people who don’t drive and the younger, Gen Z crowd which is not into owning or driving cars.
  • Named as micro-mobility devices, the Japanese auto major is hopeful for a growth in demand for such vehicles.
  • Honda aims to make the technology available for general use in 2030.
  • The move comes when Japan, the world’s third-largest economy, is grappling with an aging population, resulting in a lack of working pool.
  • The automaker has also joined with Sony Group Corp SONY to make available premium EVs in North America by 2025.
  • Price Action: HMC shares closed higher by 2.54% at $23.45 on Friday.
  • Photo Via Company
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